| Schedule of Other Financial Information Regarding The Company’s Operating Segment |
See the consolidated condensed financial statements for other financial information regarding the Company’s operating segment.
|
|
|
Three Months Ended
March 31
|
| |
|
2025
|
|
2024
|
|
Government grant revenue
|
|
$
|
—
|
|
|
$
|
25 |
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
Research personnel compensation costs, including stock-based compensation
|
|
|
338 |
|
|
|
433 |
|
|
CRO and regulatory costs
|
|
|
—
|
|
|
|
15 |
|
|
Administrative personnel compensation costs, including stock-based compensation
|
|
|
335 |
|
|
|
362 |
|
|
Rent and office costs
|
|
|
200 |
|
|
|
82 |
|
|
Legal and accounting costs
|
|
|
539 |
|
|
|
413 |
|
|
Other expenses(1)
|
|
|
12 |
|
|
|
34 |
|
|
Total segment expenses
|
|
|
1,424 |
|
|
|
1,339 |
|
|
Loss from operations
|
|
|
(1,424 |
)
|
|
|
(1,314 |
)
|
|
Other income (expense)
|
|
|
|
|
|
|
|
|
|
Loss on change in the fair value of related party Tasly convertible debt
|
|
|
(61 |
)
|
|
|
4 |
|
| Interest expense (including related parties amounts of $704 and $624 for the three months ended March 31, 2025 and March 31, 2024, respectively) |
|
|
(1,230 |
) |
|
|
(1,080 |
) |
|
Other income
|
|
|
(1 |
)
|
|
|
5 |
|
|
Total other expense, net
|
|
|
(1,292 |
)
|
|
|
(1,071 |
)
|
|
Net loss and comprehensive loss
|
|
$
|
(2,716 |
)
|
|
$
|
(2,385 |
)
|
|
Other segment items within net loss include interest income, interest expense and loss on change in fair value of related party loan. See the consolidated financial statements for other financial information regarding the Company’s operating segment.
|
|
|
Year Ended
December 31,
|
| |
|
2024
|
|
2023
|
|
Government grant revenue
|
|
$
|
100 |
|
|
$
|
45 |
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
Research personnel compensation costs, including stock-based compensation
|
|
|
1,350 |
|
|
|
1,641 |
|
|
CRO and regulatory costs
|
|
|
36 |
|
|
|
186 |
|
|
Administrative personnel compensation costs, including stock-based compensation
|
|
|
1,592 |
|
|
|
1,434 |
|
|
Rent and office costs
|
|
|
279 |
|
|
|
365 |
|
|
Legal and accounting costs
|
|
|
1,223 |
|
|
|
2,287 |
|
|
Other expenses(1)
|
|
|
120 |
|
|
|
202 |
|
|
Total segment expenses
|
|
|
4,600 |
|
|
|
6,115 |
|
|
Loss from operations
|
|
|
(4,500 |
)
|
|
|
(6,070 |
)
|
|
Other income (expenses)
|
|
|
|
|
|
|
|
|
|
Loss on change in the fair value of related party Tasly convertible debt
|
|
|
(311 |
)
|
|
|
(22 |
)
|
| Interest expense (including related parties amounts of $2,400 and $2,530 for the year ended December 31, 2024 and 2023, respectively) |
|
|
(4,424 |
) |
|
|
(4,283 |
) |
|
Other income
|
|
|
5 |
|
|
|
94 |
|
|
Total other expense, net
|
|
|
(4,730 |
)
|
|
|
(4,211 |
)
|
|
Net loss and comprehensive loss
|
|
$
|
(9,230 |
)
|
|
$
|
(10,281 |
)
|
|
| Schedule of Company’s Performance and Making Key Decisions Regarding Resource Allocation |
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net loss and total assets, which include the following:
|
|
|
As of
March 31,
2025
|
|
As of
December 31,
2024
|
|
Trust Account
|
|
$
|
1,920,401 |
|
$
|
8,330,835 |
|
Cash
|
|
$
|
—
|
|
$
|
16,204 |
|
Restricted Cash
|
|
$
|
18,450 |
|
$
|
—
|
|
|
|
For the
Three Months
Ended
March 31,
2025
|
|
For the
Three Months
Ended
March 31,
2024
|
|
General and administrative expenses
|
|
$
|
583,581 |
|
$
|
470,841 |
|
Interest earned on the Trust Account
|
|
$
|
79,925 |
|
$
|
116,664 |
|
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net (loss) income and total assets, which include the following:
|
|
|
For the
Year Ended
December 31,
2024
|
|
For the
Year Ended
December 31,
2023
|
|
Trust Account
|
|
$
|
8,330,835 |
|
$
|
10,873,406 |
|
Cash
|
|
$
|
16,204 |
|
$
|
4,519 |
|
|
|
For the
Year Ended
December 31,
2024
|
|
For the
Year Ended
December 31,
2023
|
|
General and administrative expenses
|
|
$
|
(1,351,038 |
)
|
|
$
|
(1,508,683 |
)
|
|
Interest earned on the Trust Account
|
|
$
|
425,416 |
|
|
$
|
2,248,538 |
|
|